Ibovespa Rises on Dovish Fed Bets

2026-07-02 14:09 By Isabela Couto 1 min. read

The Ibovespa gained nearly 1% to trade above 173,000 on Thursday as investors reacted to weaker-than-expected US labor market data.

The US economy added 57,000 nonfarm payrolls last month, well below forecasts of 110,000, reducing expectations of a Federal Reserve rate hike later this month and prompting a reassessment of the monetary policy outlook.

Financial stocks posted gains, with Itaú up 1.5%, while Bradesco and Banco do Brasil advanced more than 1%.

Utilities also traded higher, with Axia gaining nearly 2%.

Vale rose over 1.5% as iron ore prices strengthened.

Petrobras added more than 1.5% despite lower oil prices after reports that the company is preparing to enter nuclear power generation by installing a small modular reactor (SMR) at one of its refineries as part of its decarbonization strategy.

Other notable gainers included Ambev (+1%), Rede D’Or (+1%), and Embraer (+1.5%).



News Stream
Ibovespa Rises on Dovish Fed Bets
The Ibovespa gained nearly 1% to trade above 173,000 on Thursday as investors reacted to weaker-than-expected US labor market data. The US economy added 57,000 nonfarm payrolls last month, well below forecasts of 110,000, reducing expectations of a Federal Reserve rate hike later this month and prompting a reassessment of the monetary policy outlook. Financial stocks posted gains, with Itaú up 1.5%, while Bradesco and Banco do Brasil advanced more than 1%. Utilities also traded higher, with Axia gaining nearly 2%. Vale rose over 1.5% as iron ore prices strengthened. Petrobras added more than 1.5% despite lower oil prices after reports that the company is preparing to enter nuclear power generation by installing a small modular reactor (SMR) at one of its refineries as part of its decarbonization strategy. Other notable gainers included Ambev (+1%), Rede D’Or (+1%), and Embraer (+1.5%).
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Ibovespa Edges Lower Following Election Poll
The Ibovespa fell 0.2% to close at 171,689 on Wednesday as investors reacted to a new presidential election poll and fresh manufacturing data. An AtlasIntel/Bloomberg survey showed President Lula holding a 6.5-point lead over Flávio Bolsonaro in a hypothetical runoff, reinforcing expectations of a fiscally looser policy stance. Financial stocks were among the main drags, with Bradesco down 0.2% and Banco do Brasil losing 0.9%. WEG fell 1.4% and Ambev retreated 0.5% after the latest S&P Global manufacturing PMI showed a return to expansion, though the improvement was mainly driven by hiring and stockpiling while output and new orders remained in contraction. Utilities also traded lower, with Axia down 0.7%, while Engie plunged 6.1% after announcing the resignation of Pierre Jean Bernard Guiollot from its board of directors.
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Ibovespa Falls Following New Election Poll
The Ibovespa fell nearly 1% to trade above 170,000 on Wednesday as investors reacted to a new presidential election poll and remained cautious ahead of key US labor market data. A new AtlasIntel/Bloomberg survey showed President Lula holding a 6.5-point lead over Flávio Bolsonaro in a hypothetical runoff, backing the outlook of a government that is fiscally dovish. Financial stocks led losses, with Itaú and Bradesco down nearly 1%, while utilities also weakened, with Axia falling close to 2%. Petrobras shed nearly 1% as oil prices remained near pre-conflict levels. Vale also lost close to 1% as iron ore prices declined after new EU steel import barriers raised concerns over weaker demand for steelmaking raw materials. Steelmakers also fell, with Gerdau down over 1%.
2026-07-01